BTC has good chances to make a bullish breakout
#BTC 4h
Bitcoin still looks good for holding a long position, despite the lateral movement at current levels, the price has good chances to make a bullish breakthrough in the current day. As the price increases, we recommend that you partially fix the profit, and stop the stop to move to the breakeven level. Target levels remain the same, besides, there is an opportunity to touch a tight resistance of 7000.
Bitcoin still looks good for holding a long position, despite the lateral movement at current levels, the price has good chances to make a bullish breakthrough in the current day. As the price increases, we recommend that you partially fix the profit, and stop the stop to move to the breakeven level. Target levels remain the same, besides, there is an opportunity to touch a tight resistance of 7000.
Price breaks the bottom line, but quickly returns to its previous level. On a 1-hour scale, MA200 can be identified as a good support, but an attempt to break it again can occur at any time. At this stage, it is better to wait for the direction of the further movement of the market.